Today I was once again taught a lesson by the market.
The direction was wrong.
I am always swept away by losses.
Today is still mainly about learning.
The overall trend still needs to be judged well, only then will trading be smooth.
If the overall trend is not judged correctly.
Then one cannot experience the pleasure of the conclusions drawn.
There is a saying that goes well: only the logic you summarize yourself, validated by the market, can lead to trades that provide positive feedback. In such circumstances, one can certainly make progress. So in the future, it’s better to look less at other people's strategies, unless you can see the logic behind them yourself. Or unless others provide sufficient logical support, so that one can repeatedly test the correctness of the logic in the trading process. Only trades made this way can be a verification of skill, not money made by luck.
In the past, making money was actually all about luck. From the trades made in these past few months, I have rarely analyzed the logic, or most of the time I just looked at K-lines, instead of focusing on news, fundamentals, or capital flows, which only leads to lingering on the technical side, and being slapped in the face by the market.
Even if I can make money, I will still lose money like most retail traders.
Since I quit my job to trade cryptocurrencies, it is not to be part of that 80% or 90% of retail traders, but to be in that 10%.
Although I am definitely still in that 80% now.
Keep it up. Today I will continue to lose money.